Geithner is not going anywhere

posted at 4:30 pm on August 7, 2011 by Tina Korbe

The National Journal reports that Treasury Secretary Tim Geithner doesn’t plan to step down, despite numerous voices urging him to do so:

Treasury Secretary Timothy Geithner has told President Obama that he will stay at his current job, the agency announced on Sunday afternoon, the Associated Press is reporting.

The announcement comes as Asian markets are set to open for the first time since Standard & Poor’s downgraded the United States’ credit rating on Friday, a decision heavily criticised by the White House. Geithner remaining at his post will help maintain the stability of President Obama’s economic team during a stressful time.

“Secretary Geithner has let the president know that he plans to stay on in his position at Treasury,” Jenni LeCompte, assistant secretary for public affairs, said in a statement. “He looks forward to the important work ahead on the challenges facing our great country.”

Heh. While the markets are anything but stable, it’s a comfort, at least, to know President Obama’s economic team will be. Not. And, of course, that’s not even accurate, anyway. Tim Geithner is the only guy not to go.

The secretary informed President Obama that he plans to say on in his position, ending speculation that the last member of President Obama’s original economic team would depart. White House Press Secretary Jay Carney says President Obama asked Geithner to stay. …

The Obama administration routinely states that its actions helped prevent the economy from becoming even worse, but unemployment has remained high and growth low during the Obama presidency. Several prominent members of Obama’s economic team have departed such as Larry Summers, Christina Romer, Peter Orszag and Austan Goolsbee.

Given Obama’s track record at selecting economic advisers, it probably makes little difference whether Geithner stays or goes. But it would have been a pleasant surprise if Obama tacitly acknowledged the nation’s frustration by not begging Geithner to remain.

Blowback

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This could be hugely interesting, why you say? Could be that Giethner Sr is possibly the 4th horseman of a communist cabal. Valerie was mentored by By Vernon Jarret(father-in-law), Axlerod by Don Rose, and Obama by Frank Marshall Davis. The mentorer’s are all old friends and commie comarades(card carrying in fact) in arms in Chicago, is little Timmy Jr the 4th protege in an intergenerational scheme to tear down the bastion of capitalism? The 1st 3 surely are, and there is boo-coo documentation to back that up. Even Ayers Sr. of ComEd is connected to the mentors and even had little Barack at the Ayers’ home when the boy was 11, But this Geithner Sr wrinkle is new indeed.

Good, now they drag his sorry rear end up to Capitol Hill, slam him into a chair and have some investigative committee start asking him the kind of deep probing questions concerning his part in the downgrade that are designed to have him sweating bullets and stumbling over every third word.

Good, now they drag his sorry rear end up to Capitol Hill, slam him into a chair and have some investigative committee start asking him the kind of deep probing questions concerning his part in the downgrade that are designed to have him sweating bullets and stumbling over every third word.

Issa has a pretty full plate. It’s going to take years to sort out all the dirty laundry this administration has. … and this is real, not the manufactured BS the leftards came up with during the Bush administration.

As far as Geithner, whenever a corporation screws up as royally (in an analogous sense) as this administration has screwed this up, the CEO goes, as does the chairman of the board and other high-ranking company officials. Doesn’t matter if they were complicit or not, they are swept out to at least provide some indication that the company understands how badly it has screwed up and to put forth at least the facade that it is going to clean up its act.

Doesn’t matter if they were complicit or not, they are swept out to at least provide some indication that the company understands how badly it has screwed up and to put forth at least the facade that it is going to clean up its act.

AZfederalist on August 7, 2011 at 5:56 PM

That would be in the real world, a place King Barry has never inhabited.

IMO, the Clinton administration was as corrupt as this one (Remember who Sandy Burgler served), however, their corruption was still pretty much the self-aggrandizing type of corruption with only a few ideological flavorings thrown in. At their core, even though they were both marxist educated, Bill and Hillary pretty much have the grifter’s heart. Bill’s subsequent speaking fees and speech circuit kind of reinforce that notion. The current administration differs because most of its corruption is ideologically driven with a marxist agenda and the goal of destroying our country as it is constituted and re-making the country into a marxist-socialist society (with King Barry at the top, of course). That’s a completely different goal and comes with a completely different set of motivations. Bill could triangulate after the 1994 elections because he still wanted to maintain his office and he did not want to see the country driven to bankruptcy because that would ruin his goal of being well off. Barry can’t triangulate after the 2010 elections because that would be antithetical and detrimental to his end goal of destroying the US capitalist economy.

I’m tellin’ ya. The guy is wired. Somehow. He is this administration’s Janet Reno. Whereas the task of the Clinton mob was to assault the American ideal of personal liberty (Waco, Elian), this crew’s task is to undermine the economy. Mission accomplished! And so like Reno, Beavis Geithner will be here the whole 8 years…OMG. The horror. The horror.

That’s a completely different goal and comes with a completely different set of motivations. Bill could triangulate after the 1994 elections because he still wanted to maintain his office and he did not want to see the country driven to bankruptcy because that would ruin his goal of being well off. Barry can’t triangulate after the 2010 elections because that would be antithetical and detrimental to his end goal of destroying the US capitalist economy.

AZfederalist on August 7, 2011 at 6:45 PM

I remember the health care push. I remember the brood that was Hillary. I remember that pundits said that Hillary ran the house. I remember Markie Post jumping on the Lincoln Bed. I remember them removing property from the People’s House. I remember Sandy Burgler.

But I also remember saying, “Oh, what the heck. Things are good; I’m ascending”.

Something about the current Admin just… it just feels different, in an uncomfortable way.

Why would he let him go? He’s Obama’s political shield. Get everybody mad at Geither and they’ll miss the fact that Obama’s jerking his puppet strings. If and when it gets too hot, crank up the big bus with room underneath and goodbye Geither, another Obamatron meets the road and the rubber at the same time.

Why is it that Obama top fiscal advisers almost without exception sport dead animal pelts on their heads? Orszag, Geithner, maybe others. Is it a sign of vanity, lack of authenticity or something else. At least Geithner doesn’t wear a tie-on anteater nose like the other guy but good grief why does Obama continue to hire guys whose hair is held on by chin straps? Real men who are bald come to terms with it.